Answer / krishna reddy

Taxare two types 1.Direct Tax 2.Indirect Tax.

Direcet Tax Applicable on direct Income,Direct Tax Slab : 0-
160000 is Nil, 160001 to 500000 is 10%, 500001 to 800000
is 20%, 800001 & above 30%. in case of Female the up to
190000 is nil and incase of Sr.Citizen up to 240000 is nil.

Indriect Tax is not applicable direct income, indirect are
like sales tax, service tax, central excise, octrai etc.
these are indirectly we are paying the tax.

if Advance Tax is diposited by u Rs.200000/- TDS Deposited Rs.100000/- Assesment tax raised by It depart ment Rs.350000/- What will be the Journal entries?

3 Answers  

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While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.

5 Answers  

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What is the procisure of sales tax return if i want to file return what i do .

3 Answers  

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what is F form E-I form and E-II form?

2 Answers  

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When a company sold the material to is customer which is at another state under Form-C his bill was pertaining to first quarter but the customer received in second quarter. The customer will issue Form-C as per Invoice date or Material Received date.

2 Answers  

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how to calculate cst. give me example

2 Answers   Amara Raja,

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what to in pro

0 Answers   HDFC,

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Please provide me the whole concept of as -22 (deferred tax)

1 Answers  

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How we calculate TDS on Salary, They are taken net salary either Gross salary

3 Answers  

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Who is an assessee?

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What will be the rate of TDS on contractor if the amount paid in a year crosses Rs.75000/-

6 Answers  

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DEFINE 'SALES TAX, CORPORATE TAX, PROFESSIONAL TAX & INCOME TAX'? (please give accurate definitions dudes)

3 Answers   Deloitte,

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